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| TOP PICK | 29.670 | Bill Carrigan | Chart shows an inverse head and shoulders and it is just breaking above the neckline. Thin trader so you have to be patient. | 2012-01-27 | |
| TOP PICK | 26.830 | Christine Poole | The leader in the pipe coating services with about 25%-30% global share. Recently had some contract wins which will boost their backlog quite a bit and increase their earnings visibility going forward. | 2011-12-01 | |
| BUY | 25.990 | Peter Brieger | Likes it. Have one a whole much of contracts. Coat pipelines. | 2011-11-08 | |
| TOP PICK | 24.960 | Douglas Kee | Global company that coats outside and inside of pipes and this is where the growth is. Just got a $200 million order in Australia and are bidding on another one in Australia which is twice that size. | 2011-11-07 | |
| BUY | 24.300 | John Zechner | Beneficiary of keystone pipeline. Conditions have never been better for them. | 2011-10-28 | |
| PAST TOP PICK | 22.930 | Ian Ainsworth | (A Top Pick Aug 4/10. Down 13.17%.) | 2011-10-12 | |
| PAST TOP PICK | 22.930 | Christine Poole | (Top Pick Oct 25/10, Down 22.30%) Remains positive on this one. Some projects have been delayed. Just released that they won a big project. More announcements expected by end of year. | 2011-10-12 | |
| Comment | 22.620 | Ron Meisels | Stock has been very oversold. 200 day moving average is around $32. There is a chance we will have a recovery rally. The biggest problem is that the stock has broken a major trend line. If you own, use major stop losses. | 2011-10-03 | |
| TOP PICK | 26.020 | Christine Poole | (A Top Pick Sept 27/10. Down 7.82%.) | 2011-09-14 | |
| DON'T BUY | 25.370 | Barry Schwartz | This company makes perfect sense because all the pipelines globally are failing. This company makes the pipe coatings. Great business but oil companies and governments don't want to spend the money. Extremely cyclical and dependent on infrastructure spending. | 2011-08-11 | |
| BUY | 30.430 | Brian Acker, CA | His model price is $37.54, a 23% upside. Looks pretty good here. | 2011-07-08 | |
| BUY | 27.750 | Christine Poole | Coats pipelines. Great run up to the $36-$37 level but now pulled back with crude oil prices. Backlog has not grown as strongly as market had anticipated. Have about $1.5 billion in bids. Into larger projects now and have taken large LNG projects off of Australia. Recent pullback is a good opportunity. | 2011-06-20 | |
| TOP PICK | 30.470 | Douglas Kee | Pipeline service company. Coat large diameter pipe to prevent erosion. Biggest company in this business globally. Bidding on about 1.5 million contracts in mid-east, Europe and Asia. Also, currently working on a big Brazilian project. | 2011-05-25 | |
| TOP PICK | 33.730 | Christine Poole | Had a great run but has pulled back more recently. About a 30% share in coatings for pipelines, which is a growing industry. Well positioned. | 2011-05-02 | |
| PAST TOP PICK | 33.680 | Ian Ainsworth | (Top Pick Aug 4/10, Up 25.32%) A well-run company. Best balance sheet in the sector. Difficult business. Family run, consolidating in the industry. | 2011-01-10 | |
| BUY | 33.000 | Douglas Kee | Well-managed company- long-term supporters. Put coating on inside or outside of piping and get high margins outside of Canada – deep water. Great technology. Low dividend but good grower (26% annually over last 5 years) of dividend and special dividends. | 2010-12-21 | |
| TOP PICK | 32.120 | Bill Carrigan | Wants to be involved with the oil field services. This one has been a laggard. Has a huge base that it is trying to break out of. | 2010-12-20 | |
| PAST TOP PICK | 31.820 | Ian Ainsworth | (Top Pick Aug 4/10, Up 19%) They are seeing benefit from the order uptake. Global footprint. Very well managed. | 2010-10-26 | |
| TOP PICK | 30.890 | Christine Poole | Global provider of pipeline coating services and there is a big growth in pipelines. Has up to $4 billion of revenue potential. | 2010-10-25 | |
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| PAST TOP PICK | 30.890 | Douglas Kee | (A Top Pick Nov 19/09. Up 13%.) Lining of pipes. Has been a dividend grower for 20 years. About 20% over the last 5 years plus special dividends every few years. | 2010-10-25 | |
| TOP PICK | 27.570 | Christine Poole | Pipeline coatings for anticorrosion, leaks, and etc. 25% share of global coating with over 65% of revenues coming from outside of North America. Estimated there is over 200 billion pipeline under construction in this company is well positioned to get their share. Strong balance sheet and no debt. | 2010-09-27 | |
| PAST TOP PICK | 27.000 | Douglas Kee | (A Top Pick Nov 19/09. Down 2%.) Picked as a story for the 2nd half of this year and is hoping that it will start happening now. Some sentiment against it as they are the ones that line pipes for offshore drilling. Well managed and good balance sheet. Good growth potential. | 2010-09-09 | |
| SELL | 26.710 | Barry Schwartz | Manufacturer of products for natural gas. There are a lot of big plans as Trans Canada (TRP-T) and Enbridge (ENB-T) want to grow their pipeline bases. Last couple of years has been really terrible for natural gas drilling. Wait for an improvement in natural gas prices. | 2010-09-02 | |
| TOP PICK | 26.710 | Ian Ainsworth | Leading company globally for coating pipe with a 20%-25% market share. Likes the trend and growth opportunity in the development of infrastructure to deliver oil from remote locations. Great balance sheet and are starting to buy up weaker competitors. | 2010-08-04 | |
| TOP PICK | 27.660 | Douglas Kee | Energy infrastructure stock. Coats pipelines, both outside and inside, depending on what is going through the pipe. Currently a lull in the earnings side, probably for the next 2 or 3 quarters, but the growth over the next few years will be globally. | 2009-11-19 | |
| PAST TOP PICK | 15.740 | Bill MacLachlan | (A Top Pick May 30/08. Down 55%.) Very involved in the oil industry so got hit with the cutbacks. Great ROE. Should continue to do well over the long haul. When it starts to recover, that will be a good sign that major companies are planning to increase their cap X again. | 2008-12-11 | |
| PAST TOP PICK | 16.750 | Bill MacLachlan | (A Top Pick May 30/08. Down 51%.) Difficulty here is their dependency on the energy industry overall. Well capitalized and virtually no debt. Good for the long haul. Good Buy. | 2008-10-23 | |
| TOP PICK | 34.670 | Bill MacLachlan | Petroleum services. Known for their pipe coating. Involved in many aspects of the petroleum industry globally. Demand for exploration will increase and this stock is very well positioned. | 2008-05-30 | |
| TOP PICK | 25.250 | Bill Carrigan | Has a huge base that spans about 5 years and has just broken out. Likes industrials. | 2006-12-20 | |
| TOP PICK | 21.760 | David Cockfield | This company wraps pipe. Multiple is low at 10 X. Have contracts globally. Deserves a 15 X multiple. | 2006-10-26 | |
| PAST TOP PICK | 18.700 | Martin Hubbes, CFA | (A Top Pick Aug 2/05. Down 2.5%.) Still likes it for the late cycle move in commodities. They do pipe coating for tying in oil wells as well as big pipeline projects. | 2006-09-01 | |
| BUY | 18.750 | David Cockfield | Will probably do the coating of the Alaskan pipeline. A little thin, but has worldwide contacts. | 2006-08-16 | |
| TOP PICK | 17.110 | David Cockfield | An energy services company that wraps pipe. There will be a lot of paper put in the ground. The future looks good for at least a couple of years, maybe 3 years. There are huge backlogs. Margins have improved. | 2006-06-08 | |
| TOP PICK | 18.800 | Martin Hubbes, CFA | An interesting way to play the oil/gas sector. In the pipe coating business and as drilling activity increases and the number of tie-ins increases, these guys deliver the pipes that are used in these operations. If the big pipeline projects coming down from the north come into being they will get the contracts. | 2005-08-02 | |
| PAST TOP PICK | 13.340 | Gordon Higgins, CA, MBA | (Past top pick Mar 3/04. Down 2.4%.) Management disappointed. Should have turned some of their operations around faster than what they did. Wouldn't buy. | 2004-07-23 | |
| PAST TOP PICK | 11.840 | Mark Jackson, CFA | (Was a top pick on Feb 18. Down 12%.) Still likes. Have bought more. Still has a lot of growth. | 2003-04-14 | |
| TOP PICK | 13.110 | Gordon Higgins, CA, MBA | (Was a top pick on Jan 10. Down 3.7%.) Still likes. | 2003-03-03 | |
| TOP PICK | 13.750 | Gordon Higgins, CA, MBA | Just bought into a joint venture project which should be good.Trading at 12 X earnings. | 2003-01-10 | |
| TOP PICK | 13.500 | Mark Jackson, CFA | International player. Made some good moves. Very little debt. | 2002-10-22 | |
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| PAST TOP PICK | 12.750 | Bruce Cooper | (Was a top pick on Apr 17 down 31%) Still has a good long term outlook. | 2001-11-29 | |
| WAIT | 20.350 | Ian Nakamoto | Likes. May be a pause in the stock price. | 2001-06-05 | |
| TOP PICK | 18.470 | Bruce Cooper | Trades at 13 X next years earnings | 2001-04-17 |